The Million $ — 1 Person Business

This is a book by author – Elaine Pofeldt & it primarily preaches about starting your own 1 person business and still yield around $1 Million in a year.

The fundamental goals are:

  • Make great money
  • Work the way you like
  • Have the life you want

The Core Idea of the book is:

  • Its easy for you i.e. yourself to start and setup an ultra-lean business
  • Being ONE and still generate an annual turnover of $1 million or more
  • 2015 census of USA there were more than 38,000 firms generated more than $1 Million in revenue with no employees other than the owner

Growing your business to 7 figures & beyond generally comes down to the same five basic types:

  1. Fund It
  2. Experiment, Iterate
  3. Amplify what works
  4. Build predictability
  5. Put systems in place

ULTRA LEAN BUSINESS

  1. As of 2010, 40% of all workers in the USA have chosen to forgo traditional secure jobs in favour of working for themselves. Armed with the right knowledge, tools & mindset, there’s no limit on what this growing group can create for themselves.
  2. The Internet is enabling individual entrepreneurs to connect with buyers. It has also opened up access to supply chains & provided capabilities & tools which were previously the sole domain of large corporations. It has become much easier to quickly set up a business’s legal structure, operations & distribution.
  3. Becoming self employed today offers 3 benefits:
    1. Control over your time
    2. Enough money to enjoy your work
    3. The independence to act as you like
  4. There are 6 categories of businesses which the majority of the successful ultra-lean one-person businesses have used:
    1. eCommerce
    2. Manufacturing
    3. Information Creation
    4. Professional Services
    5. Personal Services
    6. Real Estate
  5. All successful ultra-lean companies use:
    1. Outsourcing
    2. Automation
    3. Mobile Technologies — quite extensively to build, operate & grow their businesses.
  6. Methodology of successful ultra-lean businesses & the people who start them is that they all have:
    1. Identified a business idea which suits your skills, experience & interests
    2. Figure out how to launch it with as little startup money as possible
    3. Keep the business humming as you grow it, enjoy your life & give back
  7. The Million DOLLAR — 1 Person Business tend to share the following traits in common:
    1. Geekdom – Find an idea you are truly in love with
    2. Ditch the DIY – Do wha you do best ad outsource everything else
    3. Simplify – Your selling & your fulfilment systems
    4. Build a community – Find customers who share your passion
    5. See work differently – Revel in the fact you have choices, not orders from a boss.
  8. To achieve a turnover of $1 Million Plus with your 1 Person business, the key principles to apply are:
    1. Right-size your goals – Aim high but not so big it immobilises you.
    2. Clarify user value – Wha you can do to deliver value
    3. Know your tolerance for risk – How much investment you can put in?
    4. Get clear on what matters – Why you want to start a business?
    5. Consider all possibilities – There’s more ways to build a business than you might realise.
  9. How to make it happen?
    1. Fund it
    2. Experiment, Iterate
    3. Amplify what works
    4. Build Predictability
    5. Put systems in place
  10. Keep getting smarter
    1. Treat your business as a lab – and keep learning how to grow
    2. Stay focused – on where you add the most value
    3. Find help you can trust – outsource repetitive tasks so you can work smart & think strategically.
    4. Become an expert at A/B testing – let your customers help you grow
    5. Stay inspired – Always be on the lookout for fresh ideas.
  11. Realise & expand your vision:
    1. Retake your entrepreneurial temperature – ask whether your current efforts are heading in the direction you want to go
    2. Set some clear goals – And stay true to them until it makes sense to refresh them or evolve them.
    3. Consider whether you are prepared to reinvest in your business – simply want to keep it at its current size and operation




New way of Blogging

I have realised that my way of blogging is very old and sort of Blog 0.1.

I will be updating my way very soon. From today itself.
I want to write on stuff which is to be read by almost every person of a particular kinda of person.
I will be concentrating on students and teachers of CS & MBA as my niche.

So for the next 10 days some stuff on MBA Gyaan.
Step 01 — I will write neat summaries of important Business Books.
Step 02 — I will compile these neat summaries into a niche YouTube Video as a particular subject guide
Step 03 — Will push the content in terms of Curriculum material for both CS & MBA
Step 04 — Will give it for a small fee on Udemy.com or for free on YouTube




Linus Torvalds says, “Start Small”

Kshitij Chandan has a link to a quote by Linus Torvalds:

Nobody should start to undertake a large project. You start with a small _trivial_ project, and you should never expect it to get large. If you do, you’ll just overdesign and generally think it is more important than it likely is at that stage. Or worse, you might be scared away by the sheer size of the work you envision.

So start small, and think about the details. Don’t think about some big picture and fancy design. If it doesn’t solve some fairly immediate need, it’s almost certainly over-designed. And don’t expect people to jump in and help you. That’s not how these things work. You need to get something half-way _useful_ first, and then others will say “hey, that _almost_ works for me”, and they’ll get involved in the project.

And if there is anything I’ve learnt from Linux, it’s that projects have a life of their own, and you should _not_ try to enforce your “vision” too strongly on them. Most often you’re wrong anyway, and if you’re not flexible and willing to take input from others (and willing to change direction when it turned out your vision was flawed), you’ll never get anything good done.

In other words, be willing to admit your mistakes, and don’t expect to get anywhere big in any kind of short timeframe. I’ve been doing Linux for thirteen years, and I expect to do it for quite some time still. If I had _expected_ to do something that big, I’d never have started. It started out small and insignificant, and that’s how I thought about it.




Last 20 Years of Journey

I started my first business entity in 1999 as my web designing agency. Later on in 2000 I started a 3 page eCommerce website of mine where in I used to sell Linux, BSD and Network Tools CDs. There after I have worked in all sorts of small and big companies in big and small roles respectively.

I have done HTML4.1 and CSS2. I have done Photoshop. I have done bit of Usability and UX. And I have done a lot of Ruby programming.

Its been 20 years since I bought my first computer and its now like 9 PCs, 5 Laptops and 1 iMAC and 1 MacBook Air now and I am planning to buy 1 more iMAC very soon.

Life is now gearing up for next 20 years.




Increase in demand for Software Developer

If you are interested in pursuing a career in development and don’t know where to start, here’s your go-to guide for salaries, skills, and the best programming languages to learn.

Developers are among the most highly sought-after tech professionals in the workforce, with increased demand and talent shortages leading to large salaries for many of those in the field. That said, software development is a dynamic field, in which new programming languages, frameworks, and technologies may live and die within a few years, and job needs are constantly shifting.

Why is there increased demand for developers?

Every company has become a tech company to some degree, with digital transformation projects underway in most industries to stave off disruption. This means that demand for developer talent has skyrocketed in recent years, as companies seek people who can bring digital projects and applications to life.

Front-end developers, full stack developers, mobile developers, and back-end developers are among the top 10 hardest to fill tech jobs, according to data from Indeed.

Meanwhile, the US Bureau of Labor and Statistics predicts that software developer jobs will grow 24% between 2016 and 2026–much faster than the average rate of other professions, the bureau noted. Application developer jobs are projected to grow 31% in that time, and systems developers are forecast to grow 11%.

What are some developer job roles?

Developers can take a number of different career paths. Here are a few roles in the field.

  • Mobile developer: Builds apps for mobile devices, including iOS and Android. A mobile developer might use Java, Swift, and Objective-C.
  • Full stack developer: Is able to work on both the front-end and back-end portions of an application or website. A full stack developer has specialized knowledge of all stages of software development, including server, network, and hosting environment; relational and nonrelational databases; interacting with APIs; user interface and user experience; quality assurance; security; customer and business needs.
  • Front-end developer: Builds websites by converting data to a graphical interface for the user to view and interact with, using HTML, CSS, and JavaScript.
  • Back-end developer: Builds the functionality and interactivity of a website, including the elements that allow users to carry out actions like logging in, creating an account, and liking posts. Depending on what you want your web app to do, you might learn languages including Java, Python, Ruby, and PHP.

Read More @ TechRepublic.com




Syllabus of Personal MBA – designed by Josh Kaufman

01. Productivity & Effectiveness (7 books)
02. The Human Mind (4 books)
03. Communication (5 books)
04. Influence (4 books)
05. Decision Making (4 books)
06. Creativity & Innovation (3 books)
07. Project Management (2 books)
08. Opportunity Identification (2 books)
09. Entrepreneurship (6 books)
10. Value Creation & Design (4 books)
11. Marketing (4 books)
12. Sales (4 books)
13. Value Delivery (3 books)
14. Negotiation (3 books)
15. Management (5 books)
16. Leadership (5 books)
17. Finance & Accounting (4 books)
18. Systems (3 books)
19. Corporate Skills (3 books)
20. Corporate Strategy (5 books)
21. Consulting (2 books)
22. Personal Finance (6 books)
23. Personal Development (5 books)




Syllabus of Personal MS CS (Designed by me…)

Personal MS CS (Designed by me…)
01. Programming Paradigms
02. Algorithms & Data-Structures
03. Operating Systems
04. Database Management Systems
05. Data-mining & Data warehousing
06. Design Patterns
07. Web Application Development Technologies
08. Server Side Scripting Languages & Frameworks
09. Rich Internet Applications
10. Networking Technologies & Network Programming
11. Information Security & Cryptography
12. Compiler Designs
13. Artificial Intelligence
14. Human Computer Interface
15. ERP, CRM & Project Management
16. Embedded Systems Design